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Determine the dividends received deduction

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Problem - In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation. Assume that none of the corporate shareholders owns 20% or more of the stock in the corporations paying the dividends.

 

Almond Corporation

Banana Corporation

Cherry Corporation

Income from operations

$700,000

$800,000

$900,000

Expenses from operations

(600,000)

(860,000)

(910,000)

Qualifying dividends

100,000

100,000

100,000

Reference no: EM132661011

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